Date: 03.09.2026
Business Transfer Agreement Addendum
NLC India Limited signed an Addendum to the Business Transfer Agreement with NLC India Renewables Limited (NIRL), its wholly owned subsidiary, on September 3, 2026. This addendum pertains to the proposed hiving off of 708.96 MW of Renewable Energy Assets, which includes a 4 MW Green Hydrogen Project. These assets are at various stages of construction and operation.
Financial Impact Assessment
Based on Audited Financial Statements as of March 31, 2026:
- Revenue contributed by the renewable energy assets proposed for transfer: ₹41.16 crore for FY 2025-26
- This represents 0.24% of the company's consolidated revenue of ₹17,489.53 crore
- Net worth of the renewable energy assets: ₹925.08 crore
- This represents 4.30% of the company's net worth (total equity attributable to owners) of ₹21,524.76 crore
Transaction Details
- Date of agreement: September 3, 2026
- Expected completion date: Within 3 months from agreement date
- Consideration: Will be paid by NIRL in cash or through acknowledgement of debt
- Buyer: NLC India Renewables Limited (NIRL), a 100% subsidiary of NLC India Limited
- Transaction type: Related party transaction (between holding company and wholly owned subsidiary)
- Pricing: Carried out at the book value of the renewable energy assets
- No amalgamation/merger is envisaged in this transaction
Asset Transfer Structure
The renewable energy assets are being hived off from the books of NLC India Limited to the books of NLC India Renewables Limited through this business transfer arrangement.